Author: omc_admin
Ameren Missouri, a subsidiary of Ameren Corp., has filed an application with the Missouri Public Service Commission to build an 800-megawatt (MW) simple-cycle natural gas energy center. The company said in a media release that the project would be complemented by Ameren Missouri’s first large-scale battery storage facility. The project, located in Jefferson County, Missouri, is named the Big Hollow Energy Center. “This is the next step to deliver on our strategy to invest in energy infrastructure for our customers’ benefit and provide a balanced generation portfolio”, Mark Birk, chairman and president of Ameren Missouri, said. “As we transition our…
Capstone Green Energy Holdings Inc. has reported fourth quarter and annual revenues of $27.1 million and $85.6 million respectively for fiscal year 2025, compared to 2024 fourth quarter and annual revenues of $24.3 million and $91.2 million respectively. The company said in its report that the fourth-quarter revenue improved by $2.8 million year-over-year, driven by increased demand for products and services, as well as improved rental utilization rates within the company’s Energy as a Service (EaaS) revenue stream. Slow product sales in the first half of the fiscal year caused a decrease of $5.7 million for the year. This was…
Microsoft has committed to purchasing 1.1 million tonnes of permanent carbon removals from Hafslund Celsio over the next decade. The deal anchors the commercial viability of Oslo’s waste-to-energy carbon capture and storage (CCS) project—one of the world’s first in its sector. CO₂ captured from 2029 will be permanently stored under the Norwegian seabed by Northern Lights, supporting Microsoft’s carbon-negative goal and Norway’s Paris Agreement targets. Hafslund Celsio has signed a landmark agreement to supply Microsoft with 1.1 million tonnes of permanent carbon removals over a 10-year period. The contract is a major boost for Hafslund Celsio’s full-scale carbon capture and…
Telecommunications and networking technology company Nokia announced that it has signed a new €1.5 billion multicurrency revolving credit facility, with pricing on the new debt tied to its performance towards its Scope 1, 2 and 3 greenhouse gas emissions goals. The new credit facility marks the latest in a series of sustainability-linked financing instruments for Nokia, including a credit facility linked to the company’s sustainability targets in 2019, and its first sustainability-linked guarantee facility in 2022. In 2024, Nokia announced a commitment to achieve net zero greenhouse gas (GHG) emissions in its own operations and across the value chain, by…
Meta CEO Mark Zuckerberg just hired his dream team of AI avengers, raising the stakes in the all-out battle between Big Tech companies for talent. On Monday, Zuckerberg announced the launch of Meta Superintelligence Labs, a group of star researchers that Meta poached from its AI competitors and has tasked with building a “personal superintelligence for everyone.”Interest in the new unit surged after OpenAI CEO Sam Altman claimed that Meta is offering recruits $100 million signing bonuses. But the team also offers a glimpse into what Meta is up to on AI, which it has mostly kept under wraps so…
A new generation of consumer social startups is emerging.From social networks focused on getting people to meet IRL to dating apps taking on Tinder or Hinge, startups are disrupting the digital social scene.Founders of these startups are tackling problems like loneliness, dating app fatigue, and general dissatisfaction with the current social-media incumbents.Some founders come from Big Tech backgrounds, like the Instagram-heavy team behind photo-sharing app Retro, or the ex-Google employees building the social-mapping app PamPam. Meanwhile, Gen Z founders are also throwing their hats in the ring, like Isabella Epstein’s IRL-focused app Kndrd or Tiffany “TZ” Zhong’s Noplace app.Investors are…
In an EBW Analytics Group report sent to Rigzone by the EBW team on Tuesday, Eli Rubin, an energy analyst at the company, highlighted a “collapse” in the August natural gas contract on Monday. The contract closed at $3.456 per million British thermal units (MMBtu) yesterday, which marked a 28.3 cent, or 7.6 percent drop, from the previous close, the report outlined. “Yesterday’s natural gas price implosion fully erased Friday’s gains, with strong supply readings, milder Week 3 weather (particularly in Texas and the Southeast), and ongoing Henry Hub spot market softness dragging down the curve,” Rubin said in the report.…
Historic Offtake Agreement: Google has committed to purchasing 200MW of fusion-generated energy from CFS’s first commercial plant, the largest direct corporate fusion offtake to date. Strategic Investment: This marks Google’s second capital investment in CFS, aimed at accelerating the commercialization of net-energy-positive fusion power. Clean Energy Portfolio Expansion: Fusion joins Google’s growing portfolio of transformative clean energy bets, including advanced nuclear and next-gen geothermal solutions. Google has taken a bold step toward a fusion-powered future through a new partnership with Commonwealth Fusion Systems (CFS), signing the largest-ever direct corporate offtake agreement for fusion energy. Under the agreement, Google will offtake…
WTI/CL Technical Analysis The light sweet crude oil market has shown itself to be bullish as we continue to hang around the $65 level. The $65 level also is backed up by the 50-day EMA, and it is the area that we previously had seen a lot of resistance. We had a massive move higher after the Israel airstrikes in Iran, but once the peace was signed and agreed to, oil markets collapsed. What I find interesting, though, is that we are hanging around this same area of previous resistance, and it seems like the market is getting comfortable. We…
Geothermal system reduces energy use by 30% for heating and cooling by tapping into the Earth’s natural underground temperature. 5.5 MW solar system—Amazon’s largest outside the U.S.— includes vertical panels to optimize energy capture and reduce building heat. Expected Zero Carbon Certification by 2026, supported by 2.9 MWh battery storage and advanced sustainability technologies. Amazon has unveiled a groundbreaking fulfillment center in Nagoya, Japan, designed to integrate advanced geothermal and solar technology to minimize its environmental footprint. The facility is Amazon’s first globally to feature vertical solar panels on the building’s exterior walls, in addition to rooftop and parking lot…